Troy, NY—12182
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Troy, NY
As of Oct '25, the median home price in Troy, NY is $254,000, with a year-over-year change of 4.0%. This indicates that home prices in Troy, NY are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $254,000 | 4.0% |
| Single Family | $251,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $229,000 | 4.6% |
3 Bed | $263,000 | 3.5% |
4 Bed | $270,000 | 4.7% |
| 5 Bed | $253,000 | 3.3% |
% of Housing Stock
Rental Trends — Troy, NY
As of July '25, Rentcast reports the average rent in Troy, NY is $1,400, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Troy, NY is studios: $1,150, 1-bedrooms: $1,150, 2-bedrooms: $1,350, 3-bedrooms: $1,830, 4-bedrooms: $1,700. The most common rental property sizes in Troy, NY are 2-bedroom and 1-bedroom, accounting for 32.5% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,330 | $1,400 |
| Studio Rent | $1,100 | $1,150 |
| 1 Bed Rent | $1,150 | $1,150 |
| 2 Bed Rent | $1,350 | $1,350 |
| 3 Bed Rent | $1,700 | $1,830 |
| 4 Bed Rent | $1,700 | $1,700 |
% of Rental Stock
Property Listings — Troy, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Troy, NY is 58. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $264,000 | 16.0% |
Listing Count | 42 | 3.0% |
| Listings as % of Homes | 0.5% | 3.0% |
Days on Market | 58 | -14.0% |
Demographics — Troy, NY
As of the latest ACS Survey released in 2023, Troy, NY has a population of 14,300, which has decreased by -4.4% over the past 5 years. Troy, NY is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 28.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,300 | -4.4% |
% Under 18 | 23.4% | 1.7% |
% Seniors | 19.5% | 24.2% |
% WFH | 11.8% | 413.0% |
% w/ College Degree | 28.7% | 64.9% |
As of the latest ACS Survey released in 2023, Troy, NY is a predominantly white area, with 69.7% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Troy, NY is black, making up 15.6% of the population. Foreign-born residents account for 3.1% of the population in Troy, NY, and this percentage has decreased by 16.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 69.7% | -5.6% |
% Black | 15.6% | 19.1% |
% Hispanic | 7.0% | -10.3% |
% Asian | 0.8% | 33.3% |
% Foreign Born | 3.1% | -16.2% |
Mortgage and Risk — Troy, NY
According to HUD data as of 2023, there were 170 mortgage originations in Troy, NY, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Troy, NY. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 170 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Troy, NY
As of 2024, the percent of homes in Troy, NY under the Section 8 program is 17.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Troy, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 576 |
Total Units Section 8 | 576 |
% Rentals under Section 8 | 17.6% |
% Occupied Section 8 | 79.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $1,150 | $1,030 |
| 2 Bedroom | -$100 | $1,350 | $1,250 |
| 3 Bedroom | -$190 | $1,700 | $1,510 |
| 4 Bedroom | -$40 | $1,700 | $1,660 |
Affordability — Troy, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $254,000 |
| Median Household Income | $54,700 |